Respond to Request for Banking Bank Indonesia BI Rate Decrease

Correction Depending Deposits Interest Bank Indonesia (BI) again asked the banks to immediately respond to a decrease in the BI Rate by lowering lending rates. During the three months since December 2008, interest rates for new loans fell 0.05 percent. In fact, in the last three months, the BI rate had diturukan 150 bps or 1.5 percent. BI Senior Deputy Governor Miranda S. Goeltom said the central bank has continued to intensively communicate with the banking industry so that they soon lose interest. "That's what we're talking with banks to lower deposit rates so that banks lending rates also fell," said Miranda in the Office of the Ministry of Finance, Jakarta, yesterday (10 / 3). Miranda said that the banks actually had to respond. But they are still cautious amid uncertainty situations such as this. "The response was, they wanted to send down, but still be careful with these conditions," said Miranda. In the same place, the Director of Banking Research and Regulation of BI Halim Alam said the high interest rates over the period due to a longer maturity. The amount of mortgage interest rates also depend on composition. Lending rates are still likely to remain high because of lack of funding or liquidity. "It is still slow. But it's a bank per bank vary by industry. We see tend to fall, each bank should be seen the structure or composition of deposits (third party funding) him," he said. Halim added interest rate cuts usually occur 3-6 months after reducing the BI rate. Halim show at the end of December 2008 in lending rates on average throughout the banking industry reached 14.2 percent. While in the second week in March 2009 reached 13.93 percent. While deposit rates bejangka period of one month is 8.75 percent at end-December 2008, while the current 8.32 percent. Based on the types of banks, mortgage interest owned banks (SOEs), the end of December to reach 12.95 percent, while currently a 12.72 per cent. Then the private banks 15.73 percent to 15.53 percent, the Regional Development Banks (BPD) from 11.86 percent to 11.54 percent, and foreign banks from 12.97 percent to 12.23 percent. Then to mix the bank was 14.49 in December 2008 to 13.05 percent. Then for deposit rates, state banks have declined 7.5 percent to 7.2 percent. Then, private banks 9.25 percent to 8.98 percent, BPD 8.26 percent to 7.89 percent, and foreign banks 7.71 percent to 6.20 percent. (Sof / fan) Source: Jawapos